809 Mock Ave, Blue Springs, MO 64015
6 Unit Apartment Building | $659,000 ($109,833/Unit) | Blue Springs, MO 64015
For Sale
Active
17 pictures
Asking Price $659,000
- Property Type
-
Multifamily
- Square Feet
- 3,360 SF
Listing Contacts
Michelle Lutz
Lee Ripma
- Property Info
Property Overview
Experience rental property investing at its finest with the Mock Ave Apartments. This 6-unit building offers residents spacious units featuring central heating and air. Renovated units feature premium vinyl flooring, large kitchens with dishwashers, disposals, and stainless-steel appliance packages.
Built in 1983, the property includes on-site laundry facilities and rear off-street parking. Located in the highly-rated Blue Springs school district, this property is situated in a high-demand area with built-in value and substantial growth potential. Don’t miss your chance to invest in Mock Ave Apartments!
The Value Add Play: Get rents up to market. Consider in-unit laundry as a feature to bring in more income. New owner could substantially increase cash flow with furnished medium term nurse rentals.
Why We Love It: 1980s construction, no capital expenses for years to come except to renovate the final four units, if desired, for higher income. Invest in a quiet residential neighborhood and two minutes from Whataburger and Starbucks. Blue Springs just gets better and better, and long term growth looks awesome in this submarket with A+ schools.
Challenges: Current property management has been under-renting renovated units, it will take 9-12 months to be at full income potential for this property.
Built in 1983, the property includes on-site laundry facilities and rear off-street parking. Located in the highly-rated Blue Springs school district, this property is situated in a high-demand area with built-in value and substantial growth potential. Don’t miss your chance to invest in Mock Ave Apartments!
The Value Add Play: Get rents up to market. Consider in-unit laundry as a feature to bring in more income. New owner could substantially increase cash flow with furnished medium term nurse rentals.
Why We Love It: 1980s construction, no capital expenses for years to come except to renovate the final four units, if desired, for higher income. Invest in a quiet residential neighborhood and two minutes from Whataburger and Starbucks. Blue Springs just gets better and better, and long term growth looks awesome in this submarket with A+ schools.
Challenges: Current property management has been under-renting renovated units, it will take 9-12 months to be at full income potential for this property.
Property Details
- Class
- C
- Year Built
- 1990
- Stories
- 2
- Lot Size (sq. ft)
- 9,148 SF
- Units
- 6
Highlights
- Highly-rated Blue Springs School District
- On-Site Laundry
- Desirable Unit Mix of 4 Two-Bed and 2 One-Bed Units
- 2 / 6 Units Have Just been Fully Renovated
- Ample Off-Street Parking
- Modern 1983 Construction
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